Post
Topic
Board Economics
Re: How would the ecosystem change if the fees came back to the user after 1 year?
by
fiulpro
on 22/09/2021, 12:10:51 UTC
We have transactions fees, to avoid creating tons of transactions and increase the blockchain size to a extreme amount.

Those transactions fees are sent to the next user who is the miner.

How would the economy of a coin would change if instead of sending the transaction fee to be mined, the transaction fee was frozen and 1 year after it it would be sent back to the wallet. The user wont lose that money, but still can't keep making tons and tons of transactions to spam the blockchain.

Let's look at something objectively:
A good mining machine would cost around 5500$

Now one has to understand that the cost of electricity differs in every single county, therefore, it does not matter where you live, it might be really high or really low, no one knows.

But you might spend like 500$ per month on mining, depending where you live.

A miner is more like a business man who have invested his money here and how would be get the money back? The transaction fee is something that pays him for his service and if we do look at it, it's not really much, it perfectly fits their life and hopefully they are able to balance it all out.

But at the end of the day, balancing it all out might not work and therefore many individual mining farms gets shut down, therefore it's not like they are swimming in gold. Taking the fee away would be disastrous.

Hope you understand that.